The American broadcaster recently revealed his predictions for Bitcoin. Bitcoin is now attractive to institutional investors, so Max Kaiser might be right on his prediction. The currency, which recently surged again after its iconic $20,000 reach, recently hit $25,000 for a BTC.
The billions entering the investment is the primary reason why the currency is doing well, despite the economic downturn in several economies. Gold, the primary store of wealth for many, faced some performance problems, generally linked to the global pandemic. Countries are still trying to find their feet, and investments in cryptocurrencies might help store value.
Keiser asserts that Dalio will invest in Bitcoin
The 60-year-old hosts the Keiser report and talks about the financial system on the show. The journalist said the two billionaires will invest in the digital asset eventually. The host opined that despite Dalio’s skepticism, he will put his money into it.
He explained that the billionaire is now neutral on the digital asset, especially after its continuous surge. Keiser asserts that Ray Dalio will invest 10%-20% of his net worth into the currency, mainly since he did not perform too well this year. Ray Dalio criticized cryptocurrency in the past, and the thought of him investing will shock the space.
When Elon Musk praised the Dogecoin, being a descendant of Bitcoin since it is mined the same way, he criticized Bitcoin as almost being BS as Fiat via his Twitter handle. His praise on Dogecoin increased the coin’s shares rapidly, as some have invested in the currency based on some speculative reasons.
Keiser assures that Dalio will have a change of heart in digital assets even though he openly criticized it. The broadcaster said the learning curve is different for everyone, and people eventually invest in the crypto. Keiser asserts that the SpaceX CEO is a smart guy and will finally understand and invest in the digital asset.
How MicroStrategy’s playbook might attract investors
When Elon Musk criticized Bitcoin on Twitter, MicroStrategy’s CEO Michael Saylor shared some tips to the CEO called his ‘playbook.’ MicroStrategy increased its Bitcoin holdings severally this year. After its previous investment into the digital asset, it organized fundraising, which got the company more funds to invest in the digital asset.
Despite doubts that investors would shy away because of Bitcoin’s volatility, the turnouts impressed the firm. The CEO’s playbook might make investors come running to crypto after Saylor explained his plan to invest massively and enjoy incredible returns.
The popular broadcaster’s prediction, if it comes true, might lead to a massive surge in Bitcoin price. He also explained that Bitcoin’s dominance might make central banks lose money when people start transacting mainly in cryptocurrency.
Even though Bitcoin’s adoption is still a gradual process, it still stands high and is gaining impressive relevance. If more institutional monies enter the digital asset, countries might start to shape their platforms to benefit from institutional funds still. Regulations on those platforms are in their planning phase, and many countries are vocal about the need to regulate the platform to prevent it from malign and illicit purposes.